March 2023 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

In this March 2023 cars sales analysis article, we’ll look at the YoY and MoM change in sales figures for each carmaker, segment and body style in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales.

March 2023 Full Sales Analysis

Brand-Wise March 2023 Car Sales - YoY Change

  • In terms of percentage, Citroen posted the best YoY improvement of 3775% because of the low numbers in March 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India, but it is reaching the numbers of NIssan and likes.
  • Among the high volume carmakers, Mahindra posted the best growth in March YoY comparison, with a 31.37% rise in sales.
  • The biggest loser was Jeep with a 46.58% decline in YoY dispatch numbers in March.
  • Jeep was followed by Renault with a 36.73% decline in YoY numbers.
  • Maruti sales remained unchanged (just an insubstantial drop of 0.82%).

BRAND-WISE MARCH 2023 CAR SALES

YOY CHANGE

Brand

Mar 2023

Mar 2022

Change

% Change

Trend

Citroen

2,015

52

1,963

3775%

Honda

6,692

6,589

103

1.56%

Hyundai

50,600

44,600

6,000

13.45%

Jeep

680

1,273

-593

-46.58%

Kia

21,501

22,622

-1,121

-4.96%

Mahindra

35,976

27,386

8,590

31.37%

Maruti Suzuki

1,32,763

1,33,861

-1,098

-0.82%

MG

6,411

4,721

1,690

35.80%

Nissan

3,260

3,007

253

8.41%

Renault

5,389

8,518

-3,129

-36.73%

Skoda

4,432

5,649

-1,217

-21.54%

Tata

44,047

42,295

1,752

4.14%

Toyota

18,582

17,130

1,452

8.48%

Volkswagen

3,900

3,672

228

6.21%

Brand-Wise March 2023 Car Sales - MoM Change

  • Citroen was the top gaining brand in MoM comparison a well, with a 514% growth in numbers
  • Citroen was followed by MG and NIssan with 53% and 49% growth in sales numbers in March
  • Reanult was the top losing brand with a 18.55% decline in MoM dispatches in March compared to February
  • Reanult was followed by Kia with a 12.6% drop in dispatches in March over February

BRAND-WISE MARCH 2023 CAR SALES

MoM CHANGE

Brand

Mar 2023

Feb 2023

Change

% Change

Trend

Citroen

2,015

328

1,687

514.33%

Honda

6,692

6,086

606

9.96%

Hyundai

50,600

46,968

3,632

7.73%

Jeep

680

719

-39

-5.42%

Kia

21,501

24,600

-3,099

-12.6%

Mahindra

35,976

30,221

5,755

19.04%

Maruti Suzuki

1,32,763

1,47,467

-14,704

-9.97%

MG

6,411

4,193

2,218

52.9%

Nissan

3,260

2,184

1,076

49.27%

Renault

5,389

6,616

-1,227

-18.55%

Skoda

4,432

3,418

1,014

29.67%

Tata

44,047

42,865

1,182

2.76%

Toyota

18,582

15,267

3,315

21.71%

Volkswagen

3,900

3,313

587

17.72%

Segment-Wise March 2023 Car Sales - YoY Change

  • In terms of YoY change, the C-segment was the biggest gainer, posting a YoY growth of 24%
  • The C-segment was followed by the D2-segment, with a YoY growth of 16.22% in March 2023
  • The D1-segment witnessed a YoY growth of 10.43% in our March 2023 comparison analysis
  • A and B1-segments reported a decline in YoY comparison in March. A-segment reported a drop of 18.29% in March whereas B1-segment reported a decline of 2.63% on the YoY comparison

SEGMENT-WISE MARCH 2023 CAR SALES

YOY CHANGE

S.No.

Segment

Mar 2023

Mar 2022

Change

% Change

Trend

1

A

29,506

36,109

-6,603

-18.29%

2

B1

65,188

66,946

-1,758

-2.63%

3

B2

1,34,480

1,27,662

6,818

5.34%

4

C

61,698

49,769

11,929

23.97%

5

D1

40,904

37,041

3,863

10.43%

6

D2

4,472

3,848

624

16.22%

Segment-Wise March 2023 Car Sales - MoM Change

  • In terms of MoM comparison for the month of March, all segments, except C and D1-segment, witnessed a decrease in their sales figures in comparison to sales in February
  • D1-segment reported an MoM increase of 34.85% and C-segment cars reported a 22.12% growth.
  • The A-segment reported a MoM decline of 25.19% and was the top losing segment in March MoM comparison
  • The B-segment reported an average decline of 4.62%

SEGMENT-WISE MARCH 2023 CAR SALES

MOM CHANGE

S.No.

Segment

Mar 2023

Feb 2023

Change

% Change

Trend

1

A

29,506

39,443

-9,937

-25.19%

2

B1

65,188

68,311

-3,123

-4.57%

3

B2

1,34,480

1,41,061

-6,581

-4.67%

4

C

61,698

50,522

11,176

22.12%

5

D1

40,904

30,332

10,572

34.85%